Nova Scotia gas prices down 10.5 cents after breaker clause was invoked – Halifax

The Nova Scotia Utility and Review Board has used its break clause to cut petrol and diesel prices overnight.

As of Thursday, gas in the province is down 10.5 cents.

“This change is necessitated by significant shifts in market prices for gasoline and diesel,” NSUARB said in a news release Wednesday afternoon.

This comes after prices have fluctuated above $2 for two months, most recently around $2.03. Prices hit record highs in June, exceeding at least $2.15 per liter.

Nova Scotians now pay at least $1.93 per liter for regular self-serve gasoline.

Cape Bretoners continue to pay the most at the pump, now at a minimum of $1.95 per liter.

The last time the province invoked its gas stoppage clause was on June 21 to cut prices by six cents. Previously, it was used on May 17 to increase prices by 9.5 cents.

Diesel prices also fell by 10.2 cents on Thursday from 204.7 cents per liter.

Diesel prices now range from $1.94 per liter in the Halifax area to at least $1.99 per liter in Cape Breton.

Gas prices remain volatile around the world, fueled by Russia’s war in Ukraine and the global recovery from the COVID-19 pandemic.